Did April Home Sales Drop in Cincinnati?
Did April Home Sales Drop in Cincinnati?
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April single-family home sales in Greater Cincinnati are miraculous!
First the weekly report on real estate activity:
April closings reflect sales from February and March.
Board of Relator Report
As predicted last month the impact of social distancing and jobs was not full-blown until mid-March. So slowing sales will start to appear in April closings.
Sales/closings were really robust when you consider the “shelter-in-place” and concern over how to safely show a property. Real estate isn’t back to normal but I think the numbers show a high-level of consumer interest and willingness to work through a “no-touch” deal.
April property sales were down -20.5% from April 2019 and -5.6% lower than last month.
Property Sales
The median sale price rose +5.3% compared to April 2019 and down -0.7% from last month. The average sale price was up +4.4% from April 2019 and up +0.9% from last month.
Prices
The Days on Market (DOM) for April was 32 down -20.0% from 40 days last month. It’s still a seller’s market!
Market Time
April numbers reflect slight gains in 2 counties. Single-family home sales volume for the 4 counties. Data pulled from the CincyMLS.
The average sale price for single-family home sales continues to appreciate.
| 2019 | 2020 | |||
| # Sold | Average Sales Price | # Sold | Average Sales Price | |
| MLS | 4266 | $213,788 | 4430 | $228,435 |
| Butler | 1243 | $208,738 | 1158 | $216,278 |
| Clermont | 732 | $222,064 | 670 | $233,314 |
| Hamilton | 2785 | $220,780 | 2690 | $234,878 |
| Warren | 782 | $286,173 | 760 | $309,667 |
For in-depth reports on sale prices in your neighborhood-send a request for a full market evaluation? Anything else – Call/Txt
